EIG
Employers Holdings, Inc.
EIG has slightly lower modeled downside risk, despite its lower overall score.
GS
The Goldman Sachs Group, Inc.
GS has the edge over EIG overall, supported by stronger valuation and stronger fundamentals.
EIG Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| N/A | |
| N/A |
EIG's profitability is currently stable, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like EIG.
GS Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.
EIG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $16.04 | -66% |
| Fair | 10x | $19.10 | -60% |
| Forward | 21x | $47.36 | — |
| Expensive | 22x | $39.61 | -16% |
| Current | 26x | $47.36 | — |
Historical ranges are pointers, not guarantees.
EIG's PE is in its expensive range at 26x. On analysts' estimates for next year's earnings, today's price would be 21x.
GS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $528 | -42% |
| Current | 13x | $914 | — |
| Forward | 13x | $914 | — |
| Fair | 14x | $940 | +2.9% |
| Expensive | 17x | $1,214 | +33% |
Historical ranges are pointers, not guarantees.
GS has the edge over EIG in the historical PE scenario, which offers more potential upside but is not a forecast.
EIG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Decline | |
| Improving | |
| Limited | |
| High |
Analysts expect EIG's profitability to improve, but its revenue to decline.
GS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for GS, with profitability improving. However, they disagree widely on these estimates.
EIG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.21 | +21% |
| Q3 2026 | $1.82 | -28% |
| Q2 2026 | $0.82 | -80% |
| Q1 2026 | $0.46 | -89% |
| Q4 2025 | $0.46 | -90% |
| Q3 2025 | $2.53 | -52% |
| Q2 2025 | $4.10 | -12% |
| Q1 2025 | $4.12 | -12% |
| Q4 2024 | $4.71 | +5.8% |
EIG's earnings per share have fallen from their peak: $1.82 over the past year, against $6.01 in early 2021.
GS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $72.35 | +4% |
| Q3 2026 | $69.58 | +41% |
| Q2 2026 | $64.82 | +43% |
| Q1 2026 | $54.75 | +27% |
| Q4 2025 | $51.32 | +27% |
| Q3 2025 | $49.22 | +44% |
| Q2 2025 | $45.37 | +45% |
| Q1 2025 | $43.08 | +68% |
| Q4 2024 | $40.54 | +77% |
GS has the edge over EIG on earnings, with more consistent year-over-year improvement.
EIG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $189.3M | -21% |
| Q2 2026 | $220.2M | -11% |
| Q1 2026 | $207.6M | +2.5% |
| Q4 2025 | $170.5M | -21% |
| Q3 2025 | $239.3M | +6.8% |
| Q2 2025 | $246.3M | +14% |
| Q1 2025 | $202.6M | -9.2% |
| Q4 2024 | $216.6M | -4% |
EIG's revenue has slid since its 2025 peak: $189M last quarter, down 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.7% | +12 points |
| Q2 2026 | 16% | +0.7 points |
| Q1 2026 | 6.2% | -1.7 points |
| Q4 2025 | -17% | -33 points |
| Q3 2025 | -4.7% | -21 points |
| Q2 2025 | 15% | -3.4 points |
| Q1 2025 | 7.8% | -8 points |
| Q4 2024 | 16% | -9.8 points |
EIG's operating margin was 7.7% last quarter, up 12 points from the same quarter a year ago.
GS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $18.7B | +23% |
| Q2 2026 | $20.3B | +39% |
| Q1 2026 | $17.2B | +14% |
| Q4 2025 | $13.5B | -3% |
| Q3 2025 | $15.2B | +20% |
| Q2 2025 | $14.6B | +15% |
| Q1 2025 | $15.1B | +6% |
| Q4 2024 | $13.9B | +23% |
GS has the edge over EIG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 37% | +2 points |
| Q2 2026 | 42% | +8.1 points |
| Q1 2026 | 38% | +0.2 points |
| Q4 2025 | 44% | +5.6 points |
| Q3 2025 | 36% | +4.1 points |
| Q2 2025 | 34% | +3.2 points |
| Q1 2025 | 37% | +0.6 points |
| Q4 2024 | 38% | +18 points |
GS has the edge over EIG on profitability, with a higher operating margin.
EIG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$12.2M | -142% |
| Q2 2026 | -$10.9M | -$10M |
| Q1 2026 | $1.3M | -91% |
| Q4 2025 | $500K | -96% |
| Q3 2025 | $28.8M | -43% |
| Q1 2025 | $14.1M | +$14.8M |
| Q4 2024 | $11.4M | -58% |
| Q3 2024 | $50.1M | +105% |
EIG's free cash flow was −$21M over the past year, against $53M the year before. Free cash flow isn't a meaningful measure for financial services companies like EIG.
GS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +72% |
| Q2 2026 | $5.6B | +7.8% |
| Q1 2026 | -$32.4B | +$5.3B |
| Q4 2025 | -$16.8B | -136% |
| Q3 2025 | $2.1B | +$40.6B |
| Q2 2025 | $5.2B | -6.8% |
| Q1 2025 | -$37.7B | -$9.2B |
| Q4 2024 | $46.2B | +$75.1B |
GS has the edge over EIG on cash flow, with more consistent year-over-year improvement.
EIG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -228K shares |
| 1 year | -23% | -5.3M shares |
| 3 years | -31% | -8.1M shares |
| 5 years | -37% | -10.4M shares |
| Available history | -44% | -14.5M shares |
EIG has the edge over GS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $16.9M |
| Q2 2026 | $30.2M |
| Q1 2026 | $79.3M |
| Q4 2025 | $94.1M |
| Q3 2025 | $45.4M |
| Q2 2025 | $23.5M |
| Q1 2025 | $19.8M |
| Q4 2024 | $10.6M |
EIG spent $221M buying back its own shares over the past year, up 122% from the year before.
GS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.8M shares |
| 1 year | -4.4% | -13.9M shares |
| 3 years | -12% | -42.8M shares |
| 5 years | -15% | -52.8M shares |
| Available history | -20% | -74.4M shares |
GS has 301M diluted shares, down 4.4% from a year ago, with $15B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4B |
| Q1 2026 | $5B |
| Q4 2025 | $3B |
| Q3 2025 | $2B |
| Q2 2025 | $3B |
| Q1 2025 | $4.4B |
| Q4 2024 | $2B |
GS spent $15B buying back its own shares over the past year, up 32% from the year before.
EIG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -4.8x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2024 | -0.7x | Net Cash |
| Q4 2023 | -1.5x | Net Cash |
EIG's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like EIG.
GS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -5.4x | Net Cash |
| Q2 2026 | -6.1x | Net Cash |
| Q1 2026 | -6.7x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.5x | Net Cash |
| Q2 2025 | -3.1x | Net Cash |
| Q1 2025 | -3.9x | Net Cash |
| Q4 2024 | -4.7x | Net Cash |
GS has the edge over EIG on leverage, with a lower net debt burden relative to earnings.
EIG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.0 | Neutral |
| Stochastic | 21.3 | Neutral |
EIG's weekly RSI is 49 (neutral) and its Stochastic is 21 (neutral).
GS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 16.3 | Oversold |
GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).
EIG PE vs Financial Services Sector
| Metric | EIG | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 13x | 100% above |
| PE % | 90 | 63 | 27 pts above |
EIG is trading at 26x earnings, a 100% premium to the Financial Services sector's median of 13x.
GS PE vs Financial Services Sector
| Metric | GS | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.8% above |
| PE % | 46 | 63 | 17 pts below |
GS has the edge over EIG on valuation relative to its sector.
EIG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $48.6 | 2.5% below |
| 20 week MA | $49.3 | 3.9% below |
| 50 week MA | $45.4 | 4.2% above |
| 100 week MA | $45.7 | 3.6% above |
| 200 week MA | $44.2 | 7.2% above |
EIG has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 7.2% above its 200-week average.
GS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $895.5 | 2% above |
| 20 week MA | $977.4 | 6.5% below |
| 50 week MA | $945.4 | 3.4% below |
| 100 week MA | $804.5 | 14% above |
| 200 week MA | $602.7 | 52% above |
GS's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.
EIG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.6 | $31.9 | -23% |
| 2021 | $31.9 | $40.6 | +27% |
| 2022 | $40.6 | $43.5 | +7.3% |
| 2023 | $43.5 | $39.4 | -9.5% |
| 2024 | $39.4 | $50.9 | +29% |
| 2025 | $50.9 | $42.9 | -16% |
| 2026 YTD | $42.9 | $47.4 | +10% |
EIG has the edge over GS on returns for 2026, with the stronger performance.
GS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $230.7 | $256.2 | +11% |
| 2021 | $256.2 | $385.0 | +50% |
| 2022 | $385.0 | $345.5 | -10% |
| 2023 | $345.5 | $385.8 | +12% |
| 2024 | $385.8 | $576.2 | +49% |
| 2025 | $576.2 | $907.0 | +57% |
| 2026 YTD | $907.0 | $913.6 | +0.7% |
GS has finished higher in five of the last six years, two of them by more than 50%. It's up 0.7% so far in 2026.